Standard Life Stakeholder Pension
Start saving toward your retirement now
Standard Life’s stakeholder pension is a low cost, flexible option for those wishing to save toward their retirement.
The annual management charge for a new Standard Life stakeholder pension arranged via CommShare is 1%, the same cost that will apply if you were to go direct. By applying via CommShare we will help with your paperwork, be on hand if you have any questions and chase transfer payments if necessary.
Large fund rebates apply to all Standard Life stakeholder pension plans in excess of £25,000.
| |
Annual Management Charge Per Annum |
| You invest |
Direct -
Paper Application |
Direct -
Online Application |
Direct -
Via CommShare |
| £0 - £25,000 |
1% |
1% |
1% |
| £25,000 - £50,000 |
0.90% |
0.90% |
0.90% |
| £50,000+ |
0.80% |
0.80% |
0.80% |
The following table summarises the main features:
| Minimum Age |
None |
| Maximum Age |
75 |
| Minimum term |
Benefits must be taken at 75 |
| Minimum Payment |
£20 gross / £16 net |
| Payments - minimum automatic annual increase |
1% |
| Payments - maximum automatic annual increase |
10% |
| Number of funds |
20 |
| Online access |
Yes |
Download Standard Life Stakeholder Pension Application Forms and Key Features
You can establish a new Standard Life stakeholder pension by paper application with as little as £20 gross.
First, please make sure you read CommShare’s Key Facts document and Terms of Business.
Alternatively, request a Standard Life Stakeholder Pension application pack by post – click here
Please send your completed application forms to CommShare, using our FREEPOST address. If you send them directly to Standard Life they will establish your pension on a direct basis and the annual management charge on your plan will not be discounted.
Transfer existing pensions into your Standard Life stakeholder pension
You can transfer the following types of pensions into the Standard Life stakeholder pension via CommShare.
| Other Stakeholder Pension Plans |
Free Standing Additional Voluntary Contribution Plans (FSAVCs) |
| Personal Pension Plans |
Paid up Group Personal Pensions or Group Stakeholder Pensions |
| Retirement Annuity Contracts (RACs) |
Self Invested Personal Pensions |
You cannot transfer occupational pensions into the Standard Life stakeholder pension via CommShare and will need to seek appropriate advice from a qualified financial adviser if you wish to consider transferring benefits accrued in occupational schemes. These include:
| Additional Voluntary Contribution Plans |
Occupational Money Purchase Pensions (CIMP / COMP) |
| Executive Pension Plans (EPPs) |
Defined Benefit Schemes (Final Salary Scheme) |
If you are unsure as to whether your existing plan is a personal or an occupational plan, please contact us and we will be happy to help you.
You will also need to find out whether there are any transfer penalties on your existing pension, as these can sometimes be prohibitively high. Second, make sure that you will not lose any valuable benefits, such as guaranteed annuity rates or guaranteed investment growth rates, by transferring away from your existing arrangement.
Once you have decided that you are happy to transfer your pensions, we can arrange for all of the correct paperwork to be sent to you. All you will need to do is sign and return the transfer forms to us along with your application forms in a FREEPOST envelope.
A word of warning: Please note that once you have transferred your pension, especially if it is more than a few years old, you may not be able to transfer your fund back into the same pension with the same company.
How to switch between your Standard Life Stakeholder Pension funds
If you want to switch between your Standard Life stakeholder pension funds online login or register here.
Remember: that you cannot withdraw funds from your pension until you retire, the earliest you can retire and take benefits from a pension plan is currently 55. A pension is a long term investment and the funds held in your pension may go down as well as up. Remember tax reliefs may change depending on legislation and/or your personal circumstances. We are unable to offer you advice and if you are at all unsure, you should seek personal advice from a suitably qualified financial adviser.